The 32nd meeting of World Economic Forum, a theatre
where only the mightiest were allowed to perform, was going splendidly
in Waldorf-Astoria Hotel when United Nations Secretary General Kofi
Annan, a major activist of globalization, released a somewhat perplexing
statement, "Business leaders of the world are not sharing enough to
eradicate poverty. It is up to you to prove [the antiglobalists] wrong,
he said, with actions that translate into concrete results for the
downtrodden, exploited and excluded". Mr. Annan has said right, but
the question is that are these statements working practically. If the
answer is yes then why 1.5 billion of world inhabitants are below
poverty line. If the answer is yes then why only 10% elite controls 80%
of world wealth. If the answer is yes then why per capita income of
south is inert over a 40-year analysis while that of south has up surged
to over $20,000 from $7500 and in some regions over $40,000. But the
answer is wrong, the answer was the attack of 11th September on the
economic heart of the leader of globalization. And probably an answer
may be in the future, in the form of a big burst, a burst of the
patience of dispiriting south.

Since Anti-colonial revolutions had helped south
vacate their territories from north, they were gifted with some lasting
snags, the dispute of Kashmir in South Asian region, Taiwan-China clash
in East Asia and Palestine -Israel dispute in Arab territory etc. It was
obvious prediction; these regions might grow faster than any other
developing region, and could counter world orders. West developed a
sophisticated technology of so-called 'armed race'. Which required huge
amounts of capital to defeat the rival. The creation of capital demand
was the first phase. To meet the ends, help of west loyal community in
poor countries was sought. West-loyal politicians were to retain
tensions both inside and at borders and the landlords of the community
were given the task to fly capital or the lifeblood of economy outside
its skeleton. They were promised the safety of their interests in
against. Other strategies like explosion of demonstration effects,
restrictions on the flow of research and technology were all used to
achieve the sole objective of ever dependency and flex of south towards
the north.

It worked well, but since the period of isolation was
gone and south economy became export oriented, their literacy rates up
surged and their intra-regional cooperation increased. They started
initiating round-table conferences to come to some mutual solution of
their disputes, or at least to pause the violence. West didn't like
that, but they couldn't express it loudly. They had to plan some other
way to combat this new chaos. And of course they found it. Through the
creation of twins, The IMF and The World Bank.

These two babies grew more vigorous and were
converted into creditors' cartel. They showed the performance above the
heights. This cartel is responsible for converting a major portion of
the world into Heavily Indebted Poor Countries (HIPC). The fact that
debt owed to North by South has mounted from $639 billion in 1980 to
$1,341 billion in l990 even after paying $1280 in debt servicing is
alone panic. Pakistan case is no more different. Our debt burden has
inflated to $39.5 billion from $13 billions after Zia regime. But the
irony is that we have paid some $30 billions since then in debt
servicing. Then there was more in the shape of socalled stiff
conditionalities. These have to's caused such harms as unbalanced
growth of economy, deepening poverty, high levels of inflation, lower
purchasing powers, negative balance of trade and balance of payments and
an unending recession. Aid and grant were also used, but since debt
proved to be more sturdy. With the increase in the quantum of economy of
donor countries, their development assistance kept on shrinking and it
has never crossed United Nations recommended figure of 0.7% of GNP.

Then a new era of globalization began. Actually it
was the beginning of global-isolation of South from the North. From
Bretton Wood to GATT to WTO, purpose was the same, 'suck the blood of
poor'. Because transnational corporations of south were interested in
manufacturing their products by employing cheap labor of poor countries,
they entitled it, globalization. But they never wanted to actually
benefit the poor countries. West started using so called globalization
and trade liberalization vehicles to rob the hard earned wealth of
south. Repatriation of profits by multinational corporations surged to
90% of what they earned by the end of 20th century. West used these
powerful MNC's to manipulate weaker markets and also weaker political
system of south and whenever they needed to flop any of these weak
economies they did, by using the twins and these MNC's. Argentinean
collapse is indeed the collapse of Bretton Wood systems. Brazilian
President Fernando Henrique Cardoso said at the event. "The Bretton
Woods system has become obsolete." IMF lent heavily at the time
when Argentina had sufficient forex reserves but not in chaos; result
was the burst of $132 billion debt balloon. Leaving millions of people
unemployed and contracting her economy almost to half.

This unfair game gave a new twist to southern
approach. "There was a clear improvement in the awareness of
developing countries at Doha, and in their capacity to deal," says
EU Trade Commissioner Pascal Lamy.

Stiff confrontation from emerging block at Doha
forced Europe to consider phasing out subsidies for its farms, which
elbow out produce from poor, farm-based economies. They compelled the
United States to consider limits on anti-dumping laws, which are often
used against cheap exports from emerging manufacturing powers. Horst
Kohler, managing director of the International Monetary Fund, rebuked
America for trade policies that artificially protect the U.S. textile
and farm industries against lower- cost imports - the very products that
less-developed nations are most able to produce. This is incredible,
Europe's lead negotiator at Doha, Lamy, says that trade has not only
"risen on the agenda of these governments," but trade
ministers are increasingly powerful figures in the developing world.
Trade ministers like Maran and South Africa's Alec Erwin are
"punching above their weight," says Lamy. This new strength
will force Europe and America to spend more time courting opinion in the
developing world.

Actually west has never felt such muscular punch
before. Or perhaps east has never experienced such disparity. But one
thing is confirmed, that the players are now, the leaders of poor
nations. Their demand of radical changes in the rules of international
trade is now stronger. What globalization bestowed them, only loss? All
the losers of the game like people without assets, wages, people with
low skills, the uneducated, workers, labor, debtors, small firms, firms
having no access to markets and without brands, local communities, local
cultures, global poor, human security came in the basket of the poor.
From Seattle to Davos, the enraged anti-globalization road show had
pressed its case that rising trade and capital flows are bringing
nothing but oppression and instability to the developing world.

If economists now base the poor economies' growth
largely on the willingness of wealthy nations to proactively join war
against poverty. Then west will have to share; this share will be in
wealth, in power and in mankind, if it is not done. No one can stop the
reoccurrence of 11 September event and ultimate failure of war against
terrorism.